Given below are the production data for Department No. 1 for the first month of operation:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given below are the production data for Department No. 1 for the first month of operation: Costs charged to Department 1: Direct Materials Labor Overhead $6,880 2,236 7,310 During this first month of operations, 3,440 units were started into production; 3,010 units were completed and transferred out; and the remaining 430 units are 100% completed with respect to materials and 40% complete with respect to conversion costs. Compute unit materials cost. Unit materials cost $ Compute equivalent units of production for conversion costs. Equivalent units of conversion costs $ Compute unit conversion cost. Unit conversion cost 10320 $ 2.94 3182 Compute the total cost of 430 units in process at end of month. Total cost of 430 units in process at end of month Compute the total cost of 3,010 units completed and transferred out. Total cost of 3,010 transferred out units Given below are the production data for Department No. 1 for the first month of operation: Costs charged to Department 1: Direct Materials Labor Overhead $6,880 2,236 7,310 During this first month of operations, 3,440 units were started into production; 3,010 units were completed and transferred out; and the remaining 430 units are 100% completed with respect to materials and 40% complete with respect to conversion costs. Compute unit materials cost. Unit materials cost $ Compute equivalent units of production for conversion costs. Equivalent units of conversion costs $ Compute unit conversion cost. Unit conversion cost 10320 $ 2.94 3182 Compute the total cost of 430 units in process at end of month. Total cost of 430 units in process at end of month Compute the total cost of 3,010 units completed and transferred out. Total cost of 3,010 transferred out units
Expert Answer:
Answer rating: 100% (QA)
1 Unit material cost Total material cost number of units completed wrt material 12000 3500 500 12000... View the full answer
Posted Date:
Students also viewed these mechanical engineering questions
-
Calculate the work done by F = 2yi - 3xj in moving an object around the asteroid of Problem 23?
-
Calculate the work done during the isothermal reversible expansion of a gas that satisfies the virial equation of state, eqn 1.19. Evaluate (a) The work for 1.0 mol Ar at 273 K (for data, see Table...
-
Calculate the work done in joules by the reaction When 0.34 g of Na reacts with water to form hydrogen gas at 0°C and 1.0 atm? 2Na(s) + 2H2O(1)- 2NaOH(aq) + H2(g)
-
The 60-mm-diameter shaft rotates at 300 rev/min. This motion is caused by the unequal belt tensions on the pulley of 800 N and 450 N. Determine the power transmitted and the maximum shear stress...
-
Why has strategy evaluation become so important in business today?
-
Executives were considering the possibility of moving their company to a different state. They wanted to determine if employees would be willing to relocate, but they did not want the employees to...
-
The state of Arizona passed Proposition 200 by popular referendum. This law would require an individual to submit proof of citizenship as a condition of registering to vote. By requiring an...
-
Using the data in problem 7.5, determine the best process for each of the following volumes: (1) 75,000, (2) 275,000, and (3) 375,000. In problem 7.5, Meile Machine Shop, Inc., has a 1-year contract...
-
19. Find the tension T for the system shown in figure :- T T T 1 kg 2 kg 3 kg (1) IgN (2) 2 gN (3) 5 gN (4) 6 gN 20. A ball of mass 0.5 kg moving with a velocity of 2 m/sec strikes a wall normally...
-
Newton Company manufactures and sells one product. The company assembled the following projections for its first year of operations: Variable costs per unit: Manufacturing: Direct materials . . . . ....
-
A student performs a double-slit experiment using two slits spaced 0.20 mm apart and located 1.50 m from the screen. The monochromatic light source creates an interference pattern in which the...
-
If the interest rates on 1-, 5-, 10-, and 30-year bonds are 4%, 5%, 6%, and 7%, respectively, how would you describe the yield curve? If the rates were reversed, how would you describe it?
-
Evaluate some of the major criticisms of performance management;
-
Falzone Company has two shareholders, Rita and Sal Corporation. Rita acquired her 300 shares in 2010 for \(\$ 30,000\) and Sal Corporation acquired its 200 shares in 2006 for \(\$ 15,000\). On August...
-
Assess the relevance of strategic human resource planning to organisations facing an increasingly changing business environment;
-
Why is it unlikely that country-level policy would be socially efficient in regard to acid deposition?
-
1. Consider the reaction depicted in the figure below. What can be concluded about the spontaneity of the reaction? a. The reaction is spontaneous at all temperatures. b. The reaction is spontaneous...
-
You work as an operations consultant for a textile company. Your client has a well-established distribution system in the US market. The company has hundreds of stores and four distribution centers....
-
Test for heteroskedasticity using a Goldfeld-Quandt test applied to (a) two subsamples with potentially different variances and (b) a model where the variance is hypothesized to depend on an...
-
Describe how to transform a model to eliminate heteroskedasticity.
-
Compute generalized least squares estimates of the linear probability model.
Study smarter with the SolutionInn App